Do you know how tough it is to get a mortgage with banks tightening up the guidelines?  With home prices in the Metro Detroit real estate market declining many banks are requiring more documentation.  The banks and lenders are not giving 100% loans anymore.

If you are buying a home in the Metro Detroit real estate market the smart loan to get is a FHA loan!

FHA now loans up to $297,500 in the Metro Detroit real estate market. (Wayne County, Livingston County, Oakland County).  FHA loans up to $345,000 in Washtenaw county.   FHA loans are structured for low down payments.  FHA loans are easier to qualify for, even if you have never had credit before.  These loans are Federally Insured loans helping first time home buyers and people who have had homes before buy their own home.  FHA makes credit exceptions to help you get into a home.

When you buy a home in the Metro Detroit real estate market you can get the seller to pay for closing costs.  So you will have no money out of pocket to pay for closing costs.  This is easy to do and can help you get a home if you dont have enough money to pay for it all!

FHA also allows you to get a gift from family members for your down payment.  FHA also allows non-profit organizations to provide you with the down payment.  Thousands of people across the country get assistance from these non-profit agencies.  You can get assistance too.  Contact me to find out how.

So if you are looking to buy your own home in the Metro Detroit Real estate market click on the button above to Contact us and click on the other button to start searching homes.  I can help you achieve your dream of owning your own home.  You can use these programs in Livonia, Novi, Canton and all the cities in the Metro Detroit area.  Contact us today to get started owning your own home!